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What we do, speaks about us

About UBI Services Limited (UBISL)

UBI Services Limited (UBISL) is a wholly owned subsidiary of Union Bank of India, a premier Public Sector Bank, having its registered office at Mumbai. The Company (Earlier Corpbank Securities Ltd and now UBI Services Ltd) was incorporated and accredited as primary dealer in the year 1999. The primary dealer activity was taken over by the parent bank ( Then Corporation Bank) in 2007.

The Company is presently engaged in giving broking services to the Institutional clients in Capital Market Segment. Other than that, the Company has been undertaking various other business activities like distribution of Mutual Fund schemes, trading in the Govt. debted Securities, Certificate of Deposits, Treasury bills, and Commercial papers. Apart from that, the company is prominently into the business of distribution of Retail Loan Products for the Parent Bank i.e Union Bank of India.

Mission

“To work together towards delivering excellent, responsive customer service by leveraging on technology and human resources”

Vision

“To be a leading next generation digital savvy financial services provider excelling in customer service delivery and value creation for all stakeholders”

  • “Get to know the leadership team at our company"

    BOARD OF DIRECTORS

  • Mr. Rajneesh Karnatak Chairman

    Mr. Rajneesh Karnatak

    Chairman

    Shri Rajneesh Karnatak was a Chief General Manager of Punjab National Bank posted at Corporate Office. He is a Post Graduate in Commerce (M.Com) and is a Certified Associatefrom Indian Institute of Bankers (CAIIB).

    Has a rich banking experience of over 27 years and carries varied branch and administrative office experience.

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  • Mr. Nidhu Saxena

    Non-Executive Director

    Shri Nidhu Saxena has been appointed as Non-Executive Director of UBI Services Ltd on 25.08.2022. Shri Saxena is also Executive Director of Union Bank of India since 1st February, 2022.

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  • Mr. Pravin Sharma

    Non-Executive Director

    Mr. Pravin Sharma has been appointed as Non-Executive Director in the Company since 25.08.2022. He is also Chief General Manager, Union Bank of India, Mumbai.

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  • Mr. Rajiv Mishra

    Non- Executive Director

    Shri Rajiv Mishra has been appointed Non- Executive Director in the Company since 25.08.2022.He is also Chief General Manager (IT & Digitalization) in Union Bank of India, one of the 4th largest Public Sector Bank of the country, leading the IT & Digital initiatives of the Bank.

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  • Mr. Manoj Kumar

    Managing Director & CBO

    Mr. Manoj Kumar is the Managing Director & Chief Business Officer of UBI Services Ltd (UBISL), & a seasoned banker with about two decades' of banking experience.

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  • Mr. B N S Ratnakar

    Independent Director

    Shri B N S Ratnakar is an Independent Director of the company since 27/07/2021. He is an Agricultural Science graduate from Bengaluru.

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  • Dr. Seema Gupta

    Independent Director

    Dr. Seema Gupta is a former Professor of Indian institute of Management Bangalore (IIM-B). She is a consultant, trainer, author & speaker of Digital Marketing.

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KEY MANAGEMENT TEAM

  • Mr. Manoj Kumar

    Managing Director & CBO

    Mr. Manoj Kumar Managing Director & Chief Business Officer of UBI Services Ltd (UBISL), is a seasoned banker with about two decades' of banking experience.

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  • Mr. V Radhakrishnan

    CFO & Digital Partnership Head

    Mr. V Radhakrishnan is the Chief Finance Officer of the company and also its Digital Partnership head.

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  • Rajani Shibroor

    Company Secretary

    Ms Rajani Shibroor is the Whole Time Company Secretary and Compliance Officer of the Company.

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CSR Policy

  • The Corporate Social Responsibility (CSR) Policy of CorpBank Securities Limited has been developed in accordance with section 135 of the Companies Act 2013 on CSR and in accordance with the CSR rules notified by the Ministry of Corporate Affairs, GOI on 27th February 2014.

  • The Policy shall apply to all CSR projects/ programs undertaken by the Company in India as per Schedule VII and applicable rules and regulations of the Act.

  • The CSR Policy of the Company aims to achieve, consolidate and strengthen Good Corporate Governance including socially and environmentally responsible business practices that balance financial profit with social well being.

  • The Company Board of Directors shall ensure that in each financial year the Company spends at least 2% of the average Net Profit made during the three immediate preceding financial years. “Net profit” means the net profit as per the financial statement of the company prepared in accordance with the applicable provisions of the Act, but shall not include the following:

    • Any profit arising from any overseas branch or branches of the company, whether operated as a separate company or otherwise, and

    • Any dividend received from other companies in India which are covered under and complying with the provisions of section 135 of the Act

  • As per section 135 of the Companies Act, the Company will report reasons for under spending of the allocated CSR budget of the current financial year in the template provided by the Ministry of Corporate Affairs. This reporting will be done in the Annual Report of the Company and signed by the Board of Directors.

  • In case of any surplus arising out of CSR projects the same shall not form part of business profits of the Company.

  • The Company may collaborate or pool resources with other companies and its group companies to undertake CSR activities or any other non-profit organization, if required.

  • The Company will endeavor to undertake and implement CSR programmes / projects and focus CSR spends on specific pre-determined causes and areas of intervention within the gamut of CSR activities specified broadly in Schedule VII of the Companies Act, 2013.

  • A robust Company mechanism for evaluation will be put in place. The purpose of the evaluation will be clearly identified with the objective to understand the difference between the achieved outcome and the expected outcome and the reasons behind the difference and corrective steps and any identify any good practices. There shall be clarity about the scope of the program and the need before evaluations are undertaken.

  • The Company shall report the CSR activities undertaken by the Company, the amount spent thereon and related details as and when the meeting of the CSR Committee takes place.

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